Business

Sampath Bank delivers customizable total cash management solutions for businesses of all sizes

Published

2 years ago

2021/07/16

Sampath Bank reiterated its commitment to supporting businesses around the island with the integration of its extensive suite of corporate cash management services under one umbrella, to offer greater convenience to its customers.

Working together with its business customers to identify their unique requirements, the Bank seeks to develop tailormade solutions that bring together relevant elements of its cash management portfolio to serve them better. Cash and Cheque Collection, Cheque Printing and Distribution, Investment Portfolio Management, Business Debit Cards, data validation, reconciliation services, integration to customer ERPs and sweeping and pooling of funds are some of the facilities offered under the total Cash Management Solution.

Sampath Bank’s business customers can avail themselves of these services individually or request for a combination of services and have them personalized to cater to the specific needs of their business. Being developed inhouse by the Bank’s highly skilled IT team, these customized solutions can easily be adapted to suit businesses of all sizes and integrated into existing systems as well.

These world-class digital solutions will be complemented by Sampath Bank’s extensive physical footprint which includes 229 branches including 13 Super Branches, 445 ATMs and 465 cash deposit kiosks.

This move is set to help the Bank’s business customers around the island to manage their cashflow more efficiently, reduce processing costs, save time and mitigate risk, thereby allowing business owners and managers to concentrate their efforts and resources on building core competencies and growing the business.

“As a technology-driven financial services provider, we at Sampath Bank have always strived to deliver innovative solutions that deliver greater value to our customers. We have always worked closely with our business customers around the island, leveraging the power of technology as well as our strong financial fundamentals and island wide footprint to support them at every stage of their journey. Bringing our suite of corporate cash management services under one umbrella, we seek to roll out customizable solutions that are in-line with the individual needs of each business. We expect these tailor-made solutions to transform the way in which businesses of all sizes manage their cash to bring about greater business success,” said Halin Hettigoda, Head of Deposit Mobilization, Sampath Bank PLC.

Anyone willing to know more or sign up for any of these services can do so by visiting their nearest Sampath Bank branch or by logging on to the cash management solutions page on the Bank’s website at www.sampath.lk/en/corporate/cash-management/corporate-cash-management-solution.

Sampath Bank is a 100% local bank that has deeply rooted itself in the hearts of the people of Sri Lanka. Established in 1987, the bank has become a state-of-the-art financial institution that continues to be a market leader today thanks to its constant innovation and customer focused approach to business. It has introduced many firsts to the Sri Lankan banking sector including the introduction of ATMs to Sri Lanka, extended banking hours and slip-less banking to name a few. The Bank continues to steadily transform itself into a technology-driven financial services provider whilst keeping true to our traditions and values.

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Business

Share investors worried over Wealth and Heritage tax

Published

15 hours ago

2023/03/24

Thilina Walpola

By Hiran H Senewiratne

CSE trading kicked off on a positive note yesterday but the momentum could not be sustained for long owing to investor worries that the government is planning domestic debt restructuring involving the imposition of a wealth and heritage tax on citizens, market sources said.

Amid those developments both indices moved downwards. The All -Share Price Index went down by 131 points and S and P SL-20 declined by 46.8 points. Turnover stood at Rs 3.4 billion with four crossings. Those crossings were reported in Agalawattte Plantations, which crossed 45.3 million shares to the tune of Rs 1.5 billion, its shares traded at Rs 35, CTC 420,000 shares crossed for Rs 269 million and its shares traded at Rs 640, Cargills 100,000 shares crossed to the tune of Rs 24.5 million; its shares traded at Rs 245 and Hayleys 300,000 shares crossed for Rs 24 million; its shares traded at Rs 80.

In the retail market top seven companies that mainly contributed to the turnover were, SLT Rs 234 million (two million shares traded), Hayleys RS 121 million (1.5 million shares traded), Lanka IOC Rs 106 million (115,000 shares traded), Softlogic Capital Rs 69 million (5.6 million shares traded), CTC Rs 65.3 million (101,000 shares traded), Sampath Bank RS 54.7 million (one million shares traded) and Commercial Bank RS 52.5 million (801,000 shares traded).During the day 164 million share volumes changed hands in 20000 transactions.

Business

Brandix ‘RightToRead’ initiative gains momentum enriching Sri Lanka students and transforming learning

Published

15 hours ago

2023/03/24

Thilina Walpola

Inspired by the challenge to provide Sri Lankan children with better access to learning materials and the transformative power to read and comprehend English, Brandix launched the ‘RightToRead’ project in 2018 in collaboration with the Ministry of Education.

Accordingly, Brandix introduced the ‘ReadToMe’ English learning tool, created by English Helper – India, to improve reading and comprehension skills of Sri Lankan students. Last Monday, Julie Chung, the US Ambassador to Sri Lanka, visited Susamayawardhana Vidyalaya in Borella, to observe progress of the project and experience how children and educators in Sri Lanka engage with educational technology.

Brandix Lanka Limited, Director, Ajit Johnpillai, said: “Education is the most powerful tool to enrich communities and futures, and Brandix is committed to build a strong foundation for transformational learning for students across Sri Lanka. The progress we have made with RiteToRead over the past two years is promising, and the potential for change in the education sector harnessing such digital technologies is immeasurable. Brandix will continue its commitment to deliver Inspired Solutions for the people of Sri Lanka.”

Business

Dialog TV Boosts Resilience and Capacity with Norsat Satellite Earth Station

Published

15 hours ago

2023/03/24

Thilina Walpola

Hytera, a leading global provider of professional communications technologies and solutions, is proud to announce the successful deployment of a new backup satellite station for Dialog TV, Sri Lanka’s No.1 satellite Pay TV service provider. The project was fulfilled in 2022 by Hytera and its subsidiary specialized in Satellite Communications (SatCom), Norsat International Inc. The new station enhances the resilience and capacity of Dialog TV’s existing system and ensures continuity of service in the event of damage due to natural disasters.
Dialog TV provides coverage over the entirety of Sri Lanka through the Intelsat 38 Ku-band satellite. As the business expanded, it opted for a backup solution to support its existing satellite station and to strengthen the network’s disaster tolerance.
Hytera and Norsat provided an end-to-end satellite earth station solution that includes the installation, integration, and setup of satellite antennas, a transmission and receiving system, a new network management system (NMS), and a carrier monitoring system (CMS). The NMS makes routine work easier and simpler for on-duty staff, as equipment status, parameter monitoring and configuration, and remote control of the devices can be viewed and accomplished via a single interface. The CMS monitors the carrier spectrum status of satellite signals in real-time and ensures stable signal transmission and receiving.
“We are excited to have been able to work with Dialog TV on this important project,” said Kevin Sun, Sales Director for Hytera South Asia, “Our ability to seamlessly integrate our new equipment and software with Dialog TV’s existing systems has helped to ensure a stable and reliable service for their millions of customers across Sri Lanka.”